Borrowing Front News Today

it. >> inflation, it is zapping the strength of a lot of families. >> that inflation hit 8.6% last month, highest rate since 1981. majority of americans werent even alive actually. u.s. families paying more for everything. gas, cars, food, housing, just to name a few. >> plane tickets, everything. and today fed is expected to rise rates three quarters of a point. so that means that people will pay more to get a car loan, houses and even college. that will taste bad, but the hope is tha...

Disaster and so that is why they are expected to take this three quarter percentage step. >> and the inflation number didnt show any signs of cooling in a meaningful way. for people watching at home, for our viewers, how can they expect this increase to affect their everyday life? >> a few different ways from on the borrowing front, if you are going out to take out a new loan, borrowing will cost more. mortgage rates have jumped more than three percentage points, highest levels in 14 years. but ...